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Value School (Madrid, Spain); Q&A with Mohnish Pabrai on July 9, 2021
Chai with Pabrai
The Importance of Understanding the Messiness of Business
I get perplexed when I look at professional investors who have never run a business. It's very dangerous to project the likely trajectory through Excel. And so actually understanding the messiness of business is important. Growing up in that ecosystem that for some of us might consider chaotic allow you to see order where other people don't.
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